FOURTH QUARTER HIGHLIGHTS – iA Financial Corporation
Solvency ratio of 130% at December 31, 2020, up five percentage points
Reported and core EPS of $1.60 for the fourth quarter
Expected profit on in-force up 11% YoY and excellent results at iA Auto and Home
Continued strong sales growth, particularly in Individual Insurance (+40% YoY)
Net fund inflows of $792 million, including over $245 million in mutual funds
Slightly positive impact of year-end actuarial assumption review and risk management initiatives, including additional provisions for the pandemic
Reinstatement of market guidance for 2021 with updated core earnings definition
The results presented below are for iA Financial Corporation Inc. ( iA Financial Corporation or the Company ), the holding company that owns 100% of the common shares of Industrial Alliance Insurance and Financial Services Inc. ( iA Insurance ). The results for iA Insurance are presented in a separate section on page 6 of this d
/EIN News/ CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE)
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies, see “Non-GAAP Measures” later in this news release. Amounts presented are in Canadian dollars, unless otherwise stated.
CGI reports strong first quarter Fiscal 2021 results
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Q1-F2021 performance highlights
Net earnings of $343.5 million, up 18.4%, for a margin of 11.4%;
Diluted EPS of $1.32, up 24.5% year-over-year;
Net earnings excluding specific items of $347.2 million and diluted EPS of $1.33;
Cash from operating activities of $597.5 million, up 28.4% year-over-year; and
Bookings of $3.40 billion, for a book-to-bill ratio of 112.5%. Specific items in Q1-F2021 include: $3.7 million in acquisition-related and integration costs net of tax; Specific items in Q1-F2020 include: $16.5 million in acquisition-related and integration costs and $28.2 million in restructuring costs, both net of tax.
Note: All figures in Canadian dollars. Q1-F2021 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with both SEDAR in Canada and EDGAR in the U.S.
CGI renews its Normal Course Issuer Bid
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MONTRÉAL, Jan. 27, 2021 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ( NCIB ), subject to approval by the Toronto Stock Exchange (the TSX ).
CGI s management and Board of Directors believe that the purchase for cancellation of the Company s Class A subordinate voting shares ( Class A Shares ) is a proper use of funds, and the NCIB will provide the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its efforts to increase shareholder value.
Jaguar Mining Inc.: Jaguar Mining Reports Fourth Quarter Production with 22,532 Gold Ounces
Within Upper Half of the 2020 Production Guidance
Exploration Program Started at Corrego Brandão
TORONTO, ON / ACCESSWIRE / January 12, 2021 / Jaguar Mining Inc. ( Jaguar or the Company ) (TSX:JAG) today announced Production results for the three months ( Q4 2020 ) and twelve months ended December 31, 2020 ( FY 2020 ). All figures are in US Dollars, unless otherwise expressed.
FY 2020 Annual and Q4 2020 Operating Results Summary
Annual consolidated gold production for 2020 increased 23% with 91,116 ounces compared to 2019 production of 74,083 ounces; in the upper half of the 2020 production guidance of 84,000 to 94,000 ounces of gold despite a tumultuous year dominated by the COVID-19 pandemic. Both mines saw significant improvement from 2019 production levels with Pilar up 25% and Turmalina up 20%. Q4 2020 consolidated gold production increased 12% to 22,532 ounces, compared to Q4 20